Service Co. International (NYSE:SCI) shares hit a new 52-week high during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $55.92 and last traded at $55.30, with a volume of 15479 shares. The stock had previously closed at $53.31.
The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.99 by $0.33. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $955.77 million. Service Co. International had a return on equity of 24.63% and a net margin of 13.62%. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, March 12th. Service Co. International’s dividend payout ratio (DPR) is presently 44.21%.
In related news, Director Alan R. Buckwalter III sold 8,022 shares of the stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $48.51, for a total transaction of $389,147.22. Following the completion of the sale, the director now directly owns 86,393 shares of the company’s stock, valued at $4,190,924.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in SCI. Norges Bank bought a new position in Service Co. International during the fourth quarter valued at $82,505,000. Ardevora Asset Management LLP bought a new position in Service Co. International during the fourth quarter valued at $54,337,000. Principal Financial Group Inc. grew its holdings in Service Co. International by 145.6% during the fourth quarter. Principal Financial Group Inc. now owns 1,331,290 shares of the company’s stock valued at $65,366,000 after purchasing an additional 789,211 shares during the period. Sarasin & Partners LLP grew its holdings in Service Co. International by 21.7% during the first quarter. Sarasin & Partners LLP now owns 3,582,756 shares of the company’s stock valued at $182,900,000 after purchasing an additional 638,504 shares during the period. Finally, Morgan Stanley grew its holdings in Service Co. International by 151.0% during the fourth quarter. Morgan Stanley now owns 525,321 shares of the company’s stock valued at $25,793,000 after purchasing an additional 316,027 shares during the period. 83.41% of the stock is owned by institutional investors and hedge funds.
The firm has a fifty day simple moving average of $51.59 and a two-hundred day simple moving average of $49.77. The firm has a market capitalization of $9.61 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.62 and a beta of 0.69. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.59 and a quick ratio of 0.55.
Service Co. International Company Profile (NYSE:SCI)
Service Corporation International provides deathcare products and services in the United States and Canada. The company operates through Funeral and Cemetery segments. Its funeral service and cemetery operations comprise funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other businesses.
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